BankerBay sets its sights on growing its North America business, with its latest seed funding and a new office in the financial hub of the world
Here’s some big, BIG news from us!
We have bagged a $2 million seed fund that will help us establish BankerBay firmly in the growing US middle market and work even more aggressively towards enabling deals and creating relevant and meaningful relationships with our global base of subscribers for US private equity firms and investment banks.
Like our CEO and Co-founder of BankerBay Romesh Jayawickrama states, “Deal making is about making the right connections, and BankerBay is a platform for doing just that, driven by a proprietary technology that facilitates the introduction of two parties based on characteristics common to the deal.” Our new funds will help us do that and much, much more going ahead. Our investors include David Toh, director at NTUitive, and other senior investment bankers in corporate finance, M&A and private equity, senior technology sector specialists and Scale.VC, a Silicon Valley-based venture capital firm. We are also backed by a sovereign agency.
Another feather in our cap is a third office in the finance hub of the world, New York. This will be BankerBay headquarters, head and heart, from where we will be working towards bigger goals of building up our success story towards a dynamic North America business. Our CEO will be based out of here.
In the past, BankerBay had attracted over $15 billion of institutional quality deals with a member base growing to 6,800. Currently $4 – $5 billion of deals are submitted to BankerBay each month from around the world, of which approximately $2 billion get through the strict vetting and curation process. BankerBay members include investment banks, private equity funds, structured debt funds, strategic investors and commercial banks all looking to find good quality companies requiring capital. Most of the deals facilitated by BankerBay are middle market, ranging in value between $10 and $200 million and we are increasingly receiving deals of higher value as well.